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Publications (43)
Working Paper
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This paper argues for a change in government attitudes to their extractive industries: as enclaves useful primarily as revenue sources. This is too narrow a perspective: it fails to recognize the broader economic linkages that are invariably possible. Achieving greater economic impact requires...
Working Paper
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This paper analyses the risks facing resource-dependent countries. These include: (i) economic mismanagement (the ‘resource curse’); (ii) political mismanagement; (iii) environmental damage (climate change and the destruction of natural capital). It distinguishes ‘risk’ (which can be addressed...
Working Paper
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The extractives industries are highly controversial but remain vitally important in much of the developing world. This paper considers their role in reducing energy poverty and discusses scenarios for the future of the global markets for oil, gas, and metals (emphasizing the increasing importance of...
Journal Article
This peer-reviewed research is available free of charge. UNU-WIDER believes that research is a global public good and supports Open Access.
– Measurement and concepts
This study proposes a new measure of Fiscal Dependence on Extractive revenues: FDE. The FDE estimates, simply, the extent to which extractive-producing countries can fund day-to-day government spending with non-extractive revenues.By focusing specifically on the fiscal aspect of dependency - and...
Working Paper
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– Insights from Peru and Kenya
Illicit gold flows constitute a major development challenge for governments and a social responsibility challenge for the jewellery industry, which accounts for the majority of global gold demand. This paper highlights aspects of gold supply chains that lack transparency and may indicate junctures...
In Africa, there is a distressing correlation between debt and the need to export raw materials. A new paradigm is needed in which African countries focus on creating wealth via adding value to their vast raw material riches. Africa is endowed with abundant and diverse natural resources and natural...
– What can we do about it?
The recently concluded COP27 in Sharm el-Sheikh had one important outcome for developing countries: the announcement of a loss and damage fund. This fund will help address climate injustice by helping low-income countries confront climate change disasters. However, while the developed world finally...
The green energy transition is projected to cause an increase in metal demand. Will this demand lead to the opening of deep-seabed mining? As of now, seabed mining has been limited to shallow waters, but could mineral-rich deep seabeds provide an opportunity for the developing world? Deep-seabed...
Working Paper
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– Measurement and concepts
The aims of this paper are twofold. It firstly identifies and discusses the extent to which public revenues from natural resources are adequately captured in existing cross-country revenue databases, before exploring the extent to which such data can be used to estimate countries’ fiscal dependence...
Journal Article
This peer-reviewed research is available free of charge. UNU-WIDER believes that research is a global public good and supports Open Access.
In this study, we develop an empirical framework that allows us to trace out a time path of metal prices. This framework shows that unpredictable shifts in demand, extraction costs and discovery of reserves, make estimation of the slope of this underlying trend an empirical question. Further, the...
Working Paper
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– Trading gold in Bolivia
Most research on illicit financial flows (IFFs) has focused on illicit outflows from developing countries and the role of non-state actors in generating IFFs. Less attention has been paid to processes and interfaces through which IFFs enter formal value chains—in effect being ‘legalized’ before...
Working Paper
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After 50 years of optimistic predictions that marine mining will soon take off, it still remains to be seen if and when this will happen. In 2018 the total value of all marine mining, including both offshore mining and the so far non-existing deep-seabed mining, was estimated to be around US$35...
Working Paper
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Extractive industries are spread across mining of metal and minerals, oil and gas, among others. Multinationals in these sectors are confronted with different challenges ranging from corruption, political risk, economic uncertainty, sunk costs, and the long-gestation periods to execute projects. As...
Working Paper
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– The Global Methane Pledge—opportunities and risks
The global energy transition is happening, but too slowly to limit climate change to acceptable levels, for diverse reasons. Carbon emissions policies and measures focus too little on absolute emission targets and too much on relative measures such as carbon intensity. Focus is needed on early...
Working Paper
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This paper applies an environmentally extended input–output analysis, leveraging the Eora database, to estimate the global raw material footprints of 51 African nations from 1995 to 2015. It employs least absolute shrinkage and selection operator and panel regression models to quantify the effects...
– Opportunities and salutary lessons
In a series of high-level UN Roundtables, in which I participated in 2021, experts and stakeholders explored the risks and opportunities presented by the global clean energy transition. Discussions included the prospects for lower-income countries arising from the electric vehicle (EV) revolution in...
Electric vehicles (EVs) are confidently expected to decarbonize road transportation, contribute substantially to the net zero agenda, and so help to solve the climate crisis. But as Ben Jones points out in a recent WIDER Working Paper, a rapid growth of global supplies of minerals and rare metals is...
Working Paper
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Economic data are important in governing the international political economy. Some of the most widely used macro statistics risk being undermined by systematic misalignment in reporting of economic activity due to illicit financial flows, as well as tax-minimizing financial transactions by...
Blog
In this blog, the managing editor of the WIDERAngle shares his personal view on some of the most important —and potentially overlooked— work recently released in the WIDER Working Paper Series. We just passed the halfway point of 2022 and, as of this writing, UNU-WIDER has already released 70...
Just over seven months ago the United Nations convened its 26th Climate Change Conference (COP-26) in Glasgow, with the world nervously emerging from the pandemic. Even before that, energy prices were already ticking up — a trend that accelerated when Russia invaded Ukraine. The global response to...
– Policy options for a sustainable fiscal regime
This brief provides concrete proposals on how Zambia's government could create a robust fiscal regime to achieve a steady flow of mineral revenue and encourage increased local participation in mining — while ensuring environmental sustainability.Zambia has had many mineral tax regimes and mining...
– How tax havens facilitate corruption in the extractive industries
In many countries, news of an oil discovery or the award of an exploration license is rarely greeted with enthusiasm by the general public. Any hopes of widespread development quickly vanish once people realize only a small elite group stands to benefit. Estimates of global foreign bribery suggest...
Working Paper
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This second of two papers on global oil theft discusses ways to reduce oil theft, misappropriation, and fraud. At US$133 billion per year, oil is the largest stolen natural resource globally, while fuel is the most smuggled natural resource. Oil theft equates to 5–7 per cent of the global market for...
Working Paper
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This paper, the first of two on global oil theft and fraud, discusses the prevalence, methods, and consequences of global oil theft, valued at US$133 billion per year and equivalent to 5–7 per cent of the global market for crude oil and petroleum fuels. However, the impact of oil theft is...
Working Paper
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We show that the incorporation of offshore entities increases when oil and gas exploration licences are awarded. We exploit leaked data on the incorporation of shell companies and detailed information on tax havens and the awarding rounds of oil licences to construct a new data set covering 119...
Working Paper
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– Policy options for a sustainable fiscal regime
Zambia has changed its mineral tax regime repeatedly during the past decades in a bid to raise mineral revenue, but with only modest success. This paper looks at what the country needs to do to create a mining fiscal regime that could sustain operations, boost output, and raise revenues without...
At the 76th Session of the United Nations General Assembly, world leaders discussed the need to scale-up ambition to address key global challenges, including the COVID-19 pandemic, climate change, political extremism, and widening inequality. With less than two weeks to go before the COP26 Climate...
The 2021 United Nations Climate Change Conference (COP26) is seen as the last best chance for countries and companies to set out how they are actually going to deliver the Intergovernmental Panel on Climate Change’s (IPCC) target of no more than 1.5 oC. The venting and flaring of natural gas, common...
The long-awaited COP26 in Glasgow is about to start. Billed as the most important COP to date, it is widely seen as a last chance to avoid a global temperature rise beyond 1.5°C. Yet expectations of major breakthroughs weaken by the week. Climate funding to help the developing world remains...
The economic decline of Nauru, an island in the Central Pacific, is a cautionary tale. Nauru was the highest GDP per capita country in the world in the 1970s, due to the value of its phosphate deposits. A few decades later, the country reached the brink of economic collapse when its phosphate...
The transition to net zero over the next few decades will involve a large increase in the global demand for many metals essential to the renewables revolution driving that transition. Recent research by the World Bank has identified a minimum of 17 main metals needed in significant quantities for...
Working Paper
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– Rents, issues, methods, and data availability
The focus of this study is rent in the diamond industry. Based on extensive datasets and a discussion of all relevant costs, we present resource rent statistics from the diamond industry in key producer countries in emerging economies such as Angola, Botswana, Democratic Republic of the Congo...
Displaying 32 of 43 results